Nintendo +4.9% after Switch-fueled swing to Q1 profit

Nintendo +4.9% after Switch-fueled swing to Q1 profit

Nintendo +4.9% after Switch-fueled swing to Q1 profit

Nintendo sold 1.97 million Switch machines during the quarter, for cumulative sales of 4.7 million units since March.

Elsewhere in the charts, Fate/Extella: The Umbral Star for Nintendo Switch failed with only 10.247 sales, and PS4 reached 5 million sales only one week before getting its most important release of the year Dragon Quest XI. It's a shame we can't see Splatoon 2's opening numbers quite yet, but in October we're sure they'll be looking great.

Mario Kart 8: Deluxe has a 75% attachment rate, 1-2-Switch has a 26% attachment rate, and ARMS - after just releasing in the middle of June - has a near 25% attachment rate.

Nintendo has been doing pretty well in making the counter tick and can further increase the momentum by releasing their first party titles one after the other to keep making more revenue and paving way for the next big console launch in 2020.

The top selling game for the Switch was The Legend of Zelda: Breath of the Wild with 3.92 million physical and digital copies sold.

The Kyoto-based company sold 1.97 million Switch consoles in the quarter, taking its total sales to 4.7 million units.

In terms of its other offerings, 3DS sold nearly a million units this quarter, and 5.85 million units of software (a 31% decrease on last year). Nintendo reported net sales of ¥154 billion and an operating profit of ¥16.2 billion.

The Japanese game company's newest console, the Switch, is surpassing even the loftiest sales expectations from analysts. This means that the Switch is obviously pacing ahead of the Wii U by a large margin, and even pacing ahead of the Nintendo 3DS in its opening months.

Consumers are also "continuing to enjoy" Nintendo's smartphone portfolio, such as Super Mario Run and Fire Emblem Heroes, with smart device and IP related income hitting ¥9bn.

For Nintendo 3DS, we are launching New Nintendo 2DS XL across the globe in June and July as a new addition to the hardware lineup.

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